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economy this, is the system settled on. at least privately, late in the evening. considering what the president said just this afternoon. >> bottom line is that law is working and will into future. >> senior fellow and author this is unbelievable. this is, so, had this is is from the report. they'll submit that to the government. once built, government and insurers can reconcile the payment to true up payments. oh, joy. so it's basically on honor system? >> basic thing to understand is that it's not a bail out of insurers but president. two weeks ago we heard from one of the top it officials is that system to pay insurers hadn't been built yet. >> 30% has not been built. we talked about what part is that? so now, they're saying how are insurance going to get paid? this is the solution? >> we're going to trust the insurance companies to say i think you owe me x amount? >> what is the alternative? if insurers don't get paid that way. they'll withdraw from markets. >> the only way we can keep insurers in the market is pay them in advance. >> when it's a person succes
economy this, is the system settled on. at least privately, late in the evening. considering what the president said just this afternoon. >> bottom line is that law is working and will into future. >> senior fellow and author this is unbelievable. this is, so, had this is is from the report. they'll submit that to the government. once built, government and insurers can reconcile the payment to true up payments. oh, joy. so it's basically on honor system? >> basic thing to...
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and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study government and how it can be run. there's theories about how to become president of the united states. kennedy had direct contact with his cabinet writers and then strong chief of staff, the military command system of general eisenhower as president and of course ronald reagan did it with a superb chief of staff, a strong one, jim baker. zeke emanuel said there should have been a ceo assigned to you with unique responsibility to oversee health care. there wasn't. when secretary sebelius appeared and it was asked who was in charge? and it didn't seem like there was a strong top-down authority system f
and government can't solve all of that and we live in an economy that is global and technological and changing faster than ever before in history but government can't stand on the sidelines when we're doing that and without some faith in our capacity for collection t collective action, government is us. govern's ngovernment's not somebody else. members of congress have the capacity to change it, member as well as the president. >> let's talk about these young people who came here to study...
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economy, and this is the system they have now settled on, privately, late in the evening. and then consider what the president said just this afternoon. >> the bottom line is, this law is working and will work into the future. >> senior fellow at the manhattan institute, national review columnist and how medicaid fails the poor. this is unbelievable. i mean, this is from the reuters report an hour ago. health plans will estimate how much they're owed. and then they will submit that estimate to the government. once the system is built, the government and insurers can reconcile the payments made with the planned data to true up the payments. oh, joy, so it is basically an honor system if i'm reading this correctly. >> well, the basic thing to understand is it is not a bailout of the insurers, but a bailout of the president. because two weeks ago we heard from one of the top operators of the system, is that it hadn't even been built yet. >> 30 to 40% of healthcare.gov has not been built yet, we said exactly what part of it is that? and they revealed it is the payment mechanis
economy, and this is the system they have now settled on, privately, late in the evening. and then consider what the president said just this afternoon. >> the bottom line is, this law is working and will work into the future. >> senior fellow at the manhattan institute, national review columnist and how medicaid fails the poor. this is unbelievable. i mean, this is from the reuters report an hour ago. health plans will estimate how much they're owed. and then they will submit that...
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i mean, one sixth of our economy. and the fact that he has failed, i think he has to be accountable for this. and -- >> well, mercedes, you're right. >> pr is not going to work for the president. >> mercedes, this is bad management, we have to hold the president accountable for what happened with that website. but that is not the whole story. the story is about trying to improve a health care problem. >> i am telling you, juan, mark my words, and i'll bet any amount for your charity of choice. you cannot fix this plan. it is unfixable. because it is predicated on the redistribution of wealth. the healthy will pay for the unhealthy and the insured. and you still have 30 million uninsured. >> did you tell president bush that about prescription drug benefits? >> yeah, i was against the prescription drug benefits -- >> and against social security, too? >> no, don't put words in my mouth. you're getting cranky, i see those gray hairs coming out. don't make fun of this gray hair, i worked hard for this. >> well, you're both
i mean, one sixth of our economy. and the fact that he has failed, i think he has to be accountable for this. and -- >> well, mercedes, you're right. >> pr is not going to work for the president. >> mercedes, this is bad management, we have to hold the president accountable for what happened with that website. but that is not the whole story. the story is about trying to improve a health care problem. >> i am telling you, juan, mark my words, and i'll bet any amount for...
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a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats will point to examples of americans having success with the website. republicans will point to continued problems which they will make as personal as possible. something we saw on sunday. >> i have to grab the other day. his wife is expecting a baby at the end of december. they have a cancellation notice. if she has the baby in january, he doesn't know how to pay for it. people who are trying to fight cancer are getting thrown out. as a survivor, you want your focus being on beating the disease. >> to gauge whether healthcare.gov is working, there two things to truly watch for in the next few days and
a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats...
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and south africa is a democratic free market economy right now that's still struggling, but there's a spirit about that place that always gets you going. it's not just mandela. it's the people. and as much as he was the leader of that non-violent movement, he was also a product of strong, loving, caring people that wanted to live together as brothers rather than perish together as -- >> well, what will be his legacy, ambassador? >> his legacy will be the same as the celebration we celebrate now at christmas. peace on earth and good will to all men, women, and children. and he signified that, he exemplified it in his life. he broke down racial and class barriers. he insisted on the highest values of human kind being shared with all of god's children. and he gave his life for it. you know, there were a lot of people from -- there was a big group from atlanta that. there were about 40 people who went there. i don't know whether you remember james orange -- >> yes, very well. >> james took a delegation of old movement people and they took two-way radios and they took computers and they co
and south africa is a democratic free market economy right now that's still struggling, but there's a spirit about that place that always gets you going. it's not just mandela. it's the people. and as much as he was the leader of that non-violent movement, he was also a product of strong, loving, caring people that wanted to live together as brothers rather than perish together as -- >> well, what will be his legacy, ambassador? >> his legacy will be the same as the celebration we...
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economy is being reconstituted under government control. he can't take time for a meeting in three and a half years with the person implementing it? that is shocking. >> i never agree with robert gibes. he says it's innobody has been fired here, he says he's using her to absorb the heat of this. >> you can look at any president. you look at their calendar, you can see what is important to them. if you don't know about what is going on at that time, look at their calendar, you'll see what their priorities are. in the case of president obama, there is no evidence whatsoever that he is focused or has interest in health care at all. >> great work. we're going to continue to-to-follow it up and see if one white house correspondent asked that question. thank you. peter. >> thank you. >> as always, thanks for joining us. start each day with fox and friends 5:00 to 9:00. see you back h your home tonight. fair, balanced and unafraid. here is greta. >> the bulldozers are out and obamacare is getting plowed left and right as >>> the bulldozers are out
economy is being reconstituted under government control. he can't take time for a meeting in three and a half years with the person implementing it? that is shocking. >> i never agree with robert gibes. he says it's innobody has been fired here, he says he's using her to absorb the heat of this. >> you can look at any president. you look at their calendar, you can see what is important to them. if you don't know about what is going on at that time, look at their calendar, you'll see...
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the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them weren't selling anywhere. it's creating new business opportunities, so i think we need policies aimed at creating new jobs, especially middle-scale jobs that people can go into as these other industries fall away, but in general, these sorts of innovations are a good thing. it's good that it's easier for people to buy and sell things, and in general, in the past, the economy has figured out new things for people to do. >> yes, right, so, there's a thing called the lump of labor fallacy, which is this idea that every time there's a new labor-saving device that no one
the american economy's been through a ton of transitions like this. like 150 years ago, almost everybody worked in agriculture and you had big shifts in and out of industries. so, if the shift is out of retail, the question is what can come next? and you say the future of retail is stuff coming to you, but that's also kind of the future for the sellers. you have sites like etsy where people can market artisanal goods, jewelry and clothing. some of them were selling before, but some of them...
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dollars are spent on farmers markets, that money stays in local economies. we're starting to get traction there. people understand when they understand health outcomes of people living on a poor diet, educational outcomes, i think they start to take notice. >> tom, i'm going to open up to my friends in new york. we talked about income inequality in the last block. here is an example of structural, systemic failures that throwed historic highs in terms of poverty. we are talking about cuts to food stamps. i wonder from your standpoint whether you think democrats and progressives have paid enough attention to this issue, which is hunger in america, and whether democrats have ceded too much ground to the right. at this moment being where we are on poverty, we're talking about cuts to food stamps instead of at the very least maintaining funding we have. >> this is an interesting question when we've just extolled the virtue of obama's ability to negotiate. what that represents and we talk about mandela. listen, we obviously made jokes all morning about the gridlo
dollars are spent on farmers markets, that money stays in local economies. we're starting to get traction there. people understand when they understand health outcomes of people living on a poor diet, educational outcomes, i think they start to take notice. >> tom, i'm going to open up to my friends in new york. we talked about income inequality in the last block. here is an example of structural, systemic failures that throwed historic highs in terms of poverty. we are talking about cuts...
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the next several months because you're starting off a new program that has an impact on 1/6th of the economy. it's a big deal to quote joe biden. >> we know this thousands of times a day to try to get unauthorized access. they have uncoordinated effort every single day to try to monitor and track that. >> president obama speaking at a youth summit today at the white house speaking about healthcare, trying to recruit folks to sell his healthcare plan around the country. this, as a new poll is out from harvard polling 18 to 29-year-olds in the past couple of weeks do you approve or disapprove of the aca. there you see disapprove 56%. approve 39%. how likely are you to enroll in insurance through obamacare? or aca exchange likely 20% unlikely 47%. 50/5028%. we're back with the panel. david, where is this now on the hill? where are are republicans? where are democrats? where is this relaunch. >> i think had when you an administration this deep into a national policy and you are the midst of another pr offensive and improving the messaging, it means you have a durable political problem. and so fo
the next several months because you're starting off a new program that has an impact on 1/6th of the economy. it's a big deal to quote joe biden. >> we know this thousands of times a day to try to get unauthorized access. they have uncoordinated effort every single day to try to monitor and track that. >> president obama speaking at a youth summit today at the white house speaking about healthcare, trying to recruit folks to sell his healthcare plan around the country. this, as a...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so you want to drive moreation, safely? of smart.and expenses stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ >>> tonight new details about the horrific car crash that killed "fast and furious" star paul walker. preliminary coroner's report has ruled his death an accident. findings add to the picture still coming into focus. the high performance porsche hitting a light pole and tree on saturday before bursting into flames. the gap between the crash and the fire raised questions about whether the driver richard rodas may have survived the crash. kyu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so you want to drive moreation, safely? of smart.and expenses stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts...
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economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that first of all, to start with men of wage? raised the minimum wage? >> no reason why people who work full time should not be able to afford to live. read a living wage where people could feel proud of what they do of what ever it is said the jobs created our service level jobs. a lot of people who have been through world war i of the unionized workers are of manufacturing paint is working in the service sector. then now these people go to work but now the government has to subsidize. stay back here is the
economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway? we have christopher dodd and jaundice and do you feel based on today's numbers it was a key jobs report that...
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that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market ar
that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i...
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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>> the president's health care law continues to wreak havoc on families, small businesses and economy. it's not just a broken website. this bill is fundamentally flawed. >> our republican colleagues have focused so much attention, in fact, obsessed in killing the affordable care act they failed to focus on real needs of americans. >> smashing the speed limit. investigators say derailed commuter train traveling three times the legal speed heading into that dangerous curve 82 miles an hour. still unknown was the crash that killed four passengers caused by mechanical failure or operator error. >> for the train to be going 82 miles an hour around that curve is just a
>> the president's health care law continues to wreak havoc on families, small businesses and economy. it's not just a broken website. this bill is fundamentally flawed. >> our republican colleagues have focused so much attention, in fact, obsessed in killing the affordable care act they failed to focus on real needs of americans. >> smashing the speed limit. investigators say derailed commuter train traveling three times the legal speed heading into that dangerous curve 82...
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they insist the bailout was successful because it prevented a worse blow to the economy and potential loss of one million jobs. some estimates say it would have been $50 billion in government benefits and lost income that would have been -- would have happened had the bailout not happened. in a statement released yesterday, president obama took a victory lap of sorts and said that the big three automakers are now strong enough to stand on their own. he said the industry has added more than 372,000 jobs, its strongest growth since the 1990s. the bailout was an example of the federal government and federal intervention actually working. the alternative to not bailing out gm and chrysler would have been more costly. chrysler hasn't fared too well since. it was purchased by fiat in 2011. the question is whether general motors can avoid a similar bond. general motors announced that one of its vice presidents will succeed ceo dan akerson at the beginning of next year to become the first woman ceo in the company's history. a little history there. that's it for this edition of "the daily rund
they insist the bailout was successful because it prevented a worse blow to the economy and potential loss of one million jobs. some estimates say it would have been $50 billion in government benefits and lost income that would have been -- would have happened had the bailout not happened. in a statement released yesterday, president obama took a victory lap of sorts and said that the big three automakers are now strong enough to stand on their own. he said the industry has added more than...
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> bicycles does that have anything to do with building obamacare web site that isn't what cgi thinks. good evening, i should add that how they are spending their time is not on taxpayer dime but tell me about this 2009 event that they had. >> this event, greta, was an offsite meeting. primarily of the top brass at cgi federal which is the main contractor responsible for healthcare.gov. it included, it being the offsite event some team building exercises. these exercises are ripe in corporate america. in this particular case the exercise involved people putting together children's bicycles with tassels and things apparently got out of hand a little and people ended up riding the bicycles drunk through the hallways of this luxury resort. >> let me emphasize private company as well as on the taxpayer dime this one. i want to reemphasize that. what is cgi? who are they? >> cgi is interesting. cgi federal is based in fair
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> bicycles does that have anything to do with building obamacare web site that isn't what cgi thinks. good evening, i should add that how they are spending their time is not on taxpayer dime but tell me about this 2009 event that they had. >> this event, greta, was an offsite meeting. primarily of the top brass at cgi...
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rowe price, we understand the connections of a complex, global economy. it's just one reaso er 70% of our mutuafunds beat their 10-yr lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: it is time for fun with spare change, this time it could add up to big bucks, did you know if your credit card has a price matching program, they will match lowest price of a product after you bought it, they you back at difference, some cases up to $ 500, a lot of people have it don't know it. john, with smart credit.com. so, how many credit cards offer this how do i get my money back in. >> you would be surprised how many. pretty much everyone with a mastercard or visa logo or discover or american express off are a price matching or price protection benefit that nobody knows about, i saw a survey less than 1% of card holders know they have this benefit. >> it sounds tedious, do i have to monster where ads are and ho
rowe price, we understand the connections of a complex, global economy. it's just one reaso er 70% of our mutuafunds beat their 10-yr lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: it is time for fun with spare change, this time it could add up to big bucks, did you know if your credit card has a price matching program, they will...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question of blood fl. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed taet approved to treat ed and symptoms obph, like needing to go frequely or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in bloopressure. do not drink alcohol in excess with cialis. side effects may include
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses she loves a lot of it's what you love about her. but your erectile dysfunion - that cld be a question...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. mm. mm-hmm. [ enne revs ] ♪ [ male announcer ] oh what fun it s to ride. get the mercedes-benz your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. i i'm careful investor. when you do what io, you think about risk. i don'like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum votility etfs. investments designed for a smoother ride.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from...
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talking about the economy. what is his read on things? >> well he didn't give us any kind of economic report card. this was a speech largely on economic inequality. it was about economic mobility. the ability of people to move up in income classes with better jobs and better training, et cetera. and it was, mainly to support the president's agenda items, including obamacare but also his education initiatives and other measures. back to you. ashley: peter barnes, thank you so much. >> you bet. tracy: let's get a quick reaction on these markets after that news peter just brought us. nicole petallides on floor of the new york stock exchange. little bit of movement. >> yeah a little bit of movement up off the lows. keeping close eye on 10-year bond. 2.84% on the 10-year and that is very key. all to the downside coming off the lows of the day. tracy and ashley, lowest point on the dow was 15,791. we're now 15,825. you have seen some improvement. that being said the financials were trying to give it a go. the financials have been extremely weak
talking about the economy. what is his read on things? >> well he didn't give us any kind of economic report card. this was a speech largely on economic inequality. it was about economic mobility. the ability of people to move up in income classes with better jobs and better training, et cetera. and it was, mainly to support the president's agenda items, including obamacare but also his education initiatives and other measures. back to you. ashley: peter barnes, thank you so much....
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economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market was so happy, it wasn't quite good enough to make it a sure thing there would be a taper in the next meeting but again it indicates a strength that may keep that purchasing power going on the part of the consumer, right? >> well, 200,000 jobs, it's dead on the three-month average, david. it's just above the 12-month average. if you look at the three-year average, that is 190,000. so we're right in there. continued moderate growth. that's good but the fed is looking for more than just payroll growth. they want to see inflation stabliz
economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market...
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all of this means the economy slows. the impact on the -- over obamacare on the economy is negative. it's not a plus. it's not an economic plus. it is a negative. >> you believe it's more than just a broken web site. >> well, 80% of people were satisfied with their health care before we obamacare. that's not a broken system. >> stu, bob, thank you for watching the speech with us and your analysis today. have a great one. >> incredible new video of an ocean rescue after a man was trapped for days underwater. that's coming up. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> fox newsletter now. an incredible new video of an ocean rescue after man was trapped for days, underwater. trace gallagher is live in our west coast news room with this story. how could that be? >> reporter: at it amazing when you think about it. this boat was upside-down in 100 feet of water. the only reason the dive team went down was to recover. th
all of this means the economy slows. the impact on the -- over obamacare on the economy is negative. it's not a plus. it's not an economic plus. it is a negative. >> you believe it's more than just a broken web site. >> well, 80% of people were satisfied with their health care before we obamacare. that's not a broken system. >> stu, bob, thank you for watching the speech with us and your analysis today. have a great one. >> incredible new video of an ocean rescue after a...
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Dec 5, 2013
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: looking for a job? many people think the holidays are a dead zone for job opportunities. well, think again. while you might be sitting on the sidelines, my next guest says it could actually be one of the best times of year to send out your resumÉ. with me now is tom gimble. why is this a good time of year? it really goes against everything that is logical to me. >> well, mostly glad to be with you. the fact of the matter is sometimes you've got to turn the logical paradigm upside down and say if other people are taking time off, this is a time to jump right in and make something happen. and while some people may be taking time off over the holidays, there's other people that have to be there manning the shop, an
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. melissa: looking for a job? many people think the holidays are a dead zone for job opportunities. well, think again. while you might be sitting on the...
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Dec 7, 2013
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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the economy's picking up. you can actually handle these cots to some extent without leading to layoffs. at this point, it would do -- let's say oil prices when they went from $40 a barrel to $150 before the recession. prices go up ultimately. walmart doesn't make enough profits to give everybody a $6 raise across the hour. there's not enough profits there. they're going to pass on the cost. so ultimately this is all going to be paid for by the consumer. the margin won't even change that much at a walmart. you're going to see mcdonald's get rid of the dollar menu is what's going to happen. is that a better scenario? it might be. that urconsumers have to pay mo and buy less. but that's what the result is going to be. >> tracy. >> if you go through the payroll cost increases, how do you offset it, if you're not selling more burgerings. i don't care that the economy's turning around, people are still struggling. if you don't bring in more revenue, you offset the payroll cost. people who own the place are going to
the economy's picking up. you can actually handle these cots to some extent without leading to layoffs. at this point, it would do -- let's say oil prices when they went from $40 a barrel to $150 before the recession. prices go up ultimately. walmart doesn't make enough profits to give everybody a $6 raise across the hour. there's not enough profits there. they're going to pass on the cost. so ultimately this is all going to be paid for by the consumer. the margin won't even change that much at...
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but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >>> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift
but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >>> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring...
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economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when unemployment was only 4.5%, than they do today. this is not to say that inequality is no the a problem and it has been growing since 2009, but even conservatives like rupert murdoch are warning about a, quote, class society and decline in opportunity but inequality driven more by rising stock markets and capital gains by the wealthy than the decline of those in the bottom. it is a byproduct of growth more than a cause of recession. i think too many people are conflating the recession with inequality. >> all
economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when...
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. >>> america's health care overhaul, terror threats and the economy. the issues that matter most are on the line. that's why more americans watch fox news channel, fair and balanced. >>> you know, finally i guess fitting with this show's theme today, a headline that caught my eye in today's "new york times." underachieving congress appears in no hurry to change things now. the story goes on to bemoan the republican house in particular that has two weeks left before -- and i quote from the "times" -- likely to interinto the congressional record book for underachievement. no bills, no laws, no time and now out of time. that was their thing. they did not do. they did not spend. they're underachieving because they're preventing the wheels of government itself from moving. and it got me thinking. it happens now and then. since when is underachieving defined by underdelivering on spending or legislating or new laws or new mandates or new rules or regulations or decrees from washington? since when are these the things by which we judge the accomplishments of
. >>> america's health care overhaul, terror threats and the economy. the issues that matter most are on the line. that's why more americans watch fox news channel, fair and balanced. >>> you know, finally i guess fitting with this show's theme today, a headline that caught my eye in today's "new york times." underachieving congress appears in no hurry to change things now. the story goes on to bemoan the republican house in particular that has two weeks left before...
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economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock price, all of those orders as you indicate, and what i see this becoming, unfortunately, is a race to the bottom. and that's not a race that we want our workers to be in. that's not ultimately a race that's going to be good for the u.s. economy. >> doesn't question come up about boeing's quality because the work force is there in seattle, all of the infrastructure, when i say infrastructure, i'm talking about all of the guts that are put together to put an aircraft like this together. this is going to have to be major facility construction in these other states that simply can't
economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock...
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Dec 4, 2013
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>> i mean listen, the idea is obviously the economy gets better the odds of a reduction? asset purchases in december goes up, yields should go up and stocks down in a short term. taking a step back from the fed december meeting, no one thinks as the economy gets better and fed pulls back they're going to be able to thread this needle perfectly and no reaction in risk assets whatsoever. the question is whether or not the reaction is appropriate and more importantly sustainable. once this dislocation, people move past nervousness about the fed, once that all runs its course, the bias remains to the upside for the economy and stocks. >> diane, what your expectations throughout the december fed meeting? does anybody think anything is going to happen then sp. >> i think the fed is going to set the stage for the tapering process. they're nervous about the asset purchase program. they believe holding long-term rates lower longer for a longer period of time is a better way to go. they have to convince financial markets to do the pivot away from the asset purchases to this sort of
>> i mean listen, the idea is obviously the economy gets better the odds of a reduction? asset purchases in december goes up, yields should go up and stocks down in a short term. taking a step back from the fed december meeting, no one thinks as the economy gets better and fed pulls back they're going to be able to thread this needle perfectly and no reaction in risk assets whatsoever. the question is whether or not the reaction is appropriate and more importantly sustainable. once this...
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Dec 8, 2013
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that money goes right back into the economy. so is it -- who has the upper hand here when they look at it? do people look and go well, the stimulus, you know, may have worked. it plays out in arguments? >> part of what you're seeing with the politics is you have this dlcliff. a lot of people would be getting extended unemployment benefits and then right after christmas they wouldn't. that is the not the best way to do it. most states reduced the weeks of unemployment benefits already. that is not the way to go about it. it's to suddenly yafrpg the rug out from a lot of families that are feeling a lot of pain already. i think say little bit of -- the democrats are really going to push for this. think think there is a little queez jiness among republicans that just letting two million families all of a sudden see the end of this. >> it needs to be extended. 7% unemployment rate is where the employment rate is the typical recession is. you consider people who are underemployed and given the low wage growth, i think the economy is t
that money goes right back into the economy. so is it -- who has the upper hand here when they look at it? do people look and go well, the stimulus, you know, may have worked. it plays out in arguments? >> part of what you're seeing with the politics is you have this dlcliff. a lot of people would be getting extended unemployment benefits and then right after christmas they wouldn't. that is the not the best way to do it. most states reduced the weeks of unemployment benefits already....
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it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the last two contests after the shut down in the midst of a battle in the party, republicans clearly have the political swlj it comes to health care. they are in a bit of a quandary. they believe healing care is a winning issue, they are not sure of the next move. the president will test out some of the themes of the upcoming state of the union address and will provide a window into where he focuses energies over the next three years. this is the need for upward mobility. the president will explain how the health care law fits into his vision, e
it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the...
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end up both in the markets and economy?
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going to those -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we pulled up that video tape of president obama and guess how he ended that sentence again, period. no more taxpayer funded bailouts, period. michelle, help me out here. >> what bothers me is that it seems every morning when we wake up there is a new fix to the law or we learn about this little known provision that they snuck in. this is providing this president with a blank check to the u.s. treasury for him to basically save him from the mess that he's in that day. every day there is something new. why not scrap the entire thing and start over again? >> there should be a fix when it's necessary. that's how effecti
this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going to those -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we...
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Dec 7, 2013
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the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job particularly at the lower end. gives them a start. get on the bottom rung of the ladder and if they work at it, get their discipline they can climb the ladder of success that's the american way. if you start raising the price of labor as -- the minimum wage and i'll include unemployment insurance, then you're kind of gumming up the whole works. >> there's the argument against it. but the argument for it, unlike 20 years ago when most minimum wage workers were teenagers, most today are bringing home more than half of their family income. t
the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job...
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Dec 10, 2013
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm going to have to leave it there. thank you both for your time. >>> coming up. it's working! new obama care numbers show a surge. and republicans can't take it. so they're recycling their old tactics. >>> plus, get this one. speaker boehner is blaming democrats for obstruction. sounds out of this world, right? well, today a real connection between the party and outer space. >>> and from cutting food stamps to bill o'reilly saying jesus would not be down with welfare. >>> and first dog sunny is making big news today. wait until you see why. the day we
it's going to actually constrict the economy. so all these assaults on government and what the government does are really, you know, efforts to hurt ourselves to constrain it growth. and that's what was so important about the president's speech. he's making clear how we're all better off when we ensure that everyone can reach their opportunity, that everyone can reach their full potential. and i thought that's why i agree with congressman fattah. >> at every level of the country. i'm...
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economy is rebounding helped by explosive growth in the energy and wireless industries. behind this growth is a massive grid of pipelines and wire lines across and that is the business of jose -- [inaudible] his company's stock has surged more than 260%. yes, i said that, 260% over the past five years, and he is with me now in a fox business exclusive. very interesting, these sectors that you operate in. let's start with telecom. there's been explosive growth in telecom, especially to rural areas. that has been a big thing that the president has pushed through. are we there yet? have we reached the furthest part of the rural areas, or do you think there's still more to grow? >> i think we've made great strides, but we still have a long way to go. as a company, we specialize in wireless deployment, so we build a lot of the networks for the wireless carriers. it's a very exciting field because if you've seen the changes that have happened with handheld technologies and what you can do with your devices, we're kind of the company that builds the infrastructure and the backb
economy is rebounding helped by explosive growth in the energy and wireless industries. behind this growth is a massive grid of pipelines and wire lines across and that is the business of jose -- [inaudible] his company's stock has surged more than 260%. yes, i said that, 260% over the past five years, and he is with me now in a fox business exclusive. very interesting, these sectors that you operate in. let's start with telecom. there's been explosive growth in telecom, especially to rural...
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> my name is anita moorjani, and i died on february 2, 2006. when i was really young, i felt my life was really pretty magical. we lived in a condominium in hong kong. i lived with my parents and my brother. i went to a british school where the kids spoke in english. and then of course, at home with my parents, we would speak in our native language, we call it sindhi but it is an indian dialect. >> walk me through what it was like walking around with so many cultures going around. >> i got bullied very, very badly at school. because i was pretty much the only indian child in my year. i wanted to be like them. i would want to color my hair to make it lighter. and i would use bleach on my skin and so i really wanted to fit in. at the same time, when i met indian people, when my parents tried to arrange a marriage for me and i was meeting other sindhi men, i didn't feel like i fit with them either. >> let's talk about y
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> my name is anita moorjani, and i died on february 2, 2006. when i was really young, i felt my life was really pretty magical. we lived in a condominium in hong kong. i lived with my parents and my brother. i went to a british school where the kids spoke in english. and then of course, at home with my parents, we would speak in...
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their administrators said, look, we are life specks in the world economy. we are just a teeny little country and we understand that we have to be better than most if we're going to compete. so what both of those countries have done is make the concerted effort to emphasize mathematics instruction. they take upwards of eight hours of math a week. and they have innovative program to teach it. they understand that their kids are going to have to know this stuff. they drill them. they discipline them and they succeed. it's not rocket science. and i think if our schools understood that they were in the same competitive pool that we would try to do the same sort of innovation and i will say one more thing. if the teachers union will allow that kind of innovation here. >> one of the things that i like about this is it does at least wake up america. it says, you know what, your success in the world economy is not guaranteed. >> yes. but lick ken stein and switzerland's success in the world has to do the banks and secrecy and low taxes. a country of about 20,000 peo
their administrators said, look, we are life specks in the world economy. we are just a teeny little country and we understand that we have to be better than most if we're going to compete. so what both of those countries have done is make the concerted effort to emphasize mathematics instruction. they take upwards of eight hours of math a week. and they have innovative program to teach it. they understand that their kids are going to have to know this stuff. they drill them. they discipline...
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the economy is looking like not great but better. does he gather some new steam from this? >> i think it's one of the cases where the reality will matter. obviously the website is working better for consumers but we don't know how well it's working for working with the insurers getting these people who are trying to enroll. the administration said 1 out of 10 people signing up, there are errors in the forms that go to the insurance companies. that also needs to work out. there's been a lot of damage to the promise he made and broke that if you liked your plan, you could keep it. whatever explanation can be made, including senator reid's kind of perplexing one, i think that cost him a lot of credibility with americans. he needs to rebuild that. >> i want to move you to a different politician. and that is bill clinton who famously gave democrats cover, as we say, and said, well, i actually think he ought to let people keep their health care coverage. caused quite the stir. he did an interview with our juan carlos lopez and talked about that moment when he said, i think the pr
the economy is looking like not great but better. does he gather some new steam from this? >> i think it's one of the cases where the reality will matter. obviously the website is working better for consumers but we don't know how well it's working for working with the insurers getting these people who are trying to enroll. the administration said 1 out of 10 people signing up, there are errors in the forms that go to the insurance companies. that also needs to work out. there's been a...